Business Standard

Giving independent directors more teeth: Here's what experts want

In recent months, there has been increased scrutiny of the monitoring abilities of independent directors, especially in companies hit by fraud or financial mismanagement


Illustration by Binay Sinha

Sudipto Dey
Consider this:  Of 644 independent directors who gave up their position in NSE-listed companies in 2018 (as of October 23), 272 did not give any reason for their action.  Another 217 cited personal reasons or pre-occupation as the trigger for giving up their position.  

The last year was no different. Of 735 independent directors who ceased to be in that position, 322 did not give any reason for quitting, says a study by Prime Database. 

In 1,794 NSE-listed companies, there are 7,114 independent directors occupying the non-executive position. The research by Prime Database shows that 53 of these independent directors are of

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First Published: Oct 28 2018 | 8:57 PM IST

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